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Title

Director, Risk Management and Insurance 

Division Applied Industrial Technologies  
Location Corporate Headquarters - AIT  
Full-Time/Part-Time Full-Time  
Category Risk Management  
Description

Join one of the best companies to work for in Northeast Ohio! Applied Industrial Technologies is a 13-time winner of the NorthCoast 99 best places to work in Cleveland. Headquartered in Midtown Cleveland, we are listed on the New York Stock Exchange (NYSE: AIT) and, with $2.5 billion in annual sales, are one of the largest industrial distributors worldwide. We recently completed 3 years of back to back record sales and profit years. We are growing!

We offer free parking, subsidized benefits including health care, vision & dental, onsite fitness center and cafeteria, tuition reimbursement, and career development opportunities. 

We are seeking an experienced Risk Management and Insurance professional to join our company at our corporate campus in Cleveland, OH to lead the ongoing development and implementation of a robust risk management program for the entire business. You will assume the risk management leadership role for Applied’s operations located in the US and abroad: service centers, distribution centers, and repair and assembly operations. 

As Director of Risk Management and Insurance, you will report to the Vice President-General Counsel & Secretary. The position will open on June 1, 2014.

Key Responsibilities

  • Meet / exceed specified risk management objectives, including budget targets.
  • Develop, implement, and maintain new and existing approaches to programs and procedures to reduce risks, promote business continuity, and protect Applied’s assets.
    • Develop fundamental understanding of our business functions and related risk management and insurance programs and procedures.
    • Working with the business, evaluate the company’s needs, and identify, measure, and analyze loss exposures.
    • Analyze options, recommend actions, develop policies, programs, and procedures to mitigate loss exposure and drive efficiencies and effectiveness.
  • Lead the negotiation, placement, and ongoing management of all lines of the business insurance portfolio, including the primary casualty program, property, management liability coverage, global master control programs, professional errors and omissions, aircraft products liability, and attendant layers of excess liability coverage.
  • Prepare renewal specifications, gather accurate and complete underwriting data, negotiate terms and conditions of coverage, evaluate adequacy and scope of coverage, assess the financial solvency of participating insurance carriers, internal budgeting, endorsement documentation, competitive pricing, recordkeeping, and develop and execute internal cost allocation methodologies.
  • Evaluate self-funded risk retention levels and maintain adequate self-funded loss reserves/accruals.
  • Evaluate, negotiate, and manage relationships with current and potential brokers, third party administrators, and service providers.
  • Develop and maintain business relationships with all departments, functions, locations throughout the organization to meet mutual objectives, mitigate loss, and build stronger business processes. Partner with all levels within the organization.
  • Resolve casualty claims and losses.
    • Consult with and provide leadership/guidance to defense counsel retained to represent the Company’s interests.
    • Participate in mediations, arbitrations and/or settlement negotiations for large casualty exposures.
    • Onsite management of large property losses. Coordinate Company operational and insurance carrier claims adjustment activities to achieve prompt restoration of business functions and a fair assessment of tangible asset loss. Negotiate claim settlements consistent with policy terms and conditions.
  • Participate in due diligence and risk evaluation process for acquisition targets and other business opportunities.
  • Develop and deliver risk exposure and loss control training.
  • Supervise management of routine self-funded casualty claims and risk management administrative tasks including production and management of certificates of insurance, departmental recordkeeping, wage and asset reporting, electronic claims reporting to the TPA, surety bonds, periodic management reports, maintenance of record and insurance policy archives, etc.
  • Manage risk-related information systems.
  • Other projects and duties, as assigned.

 

 
Position Requirements
  • 5+ years of proven strategic experience as a risk manager or assistant risk manager for a   complex business entity with multiple locations
  • Knowledge of and experience with general tools and techniques of risk management and the technical aspects of multi-line insurance terms and conditions, and workers compensation compliance
  • Proven knowledge of insurance, contracts, laws, and policies and best practices relating to risk management
  • Casualty claims adjustment and management exp
  • OSHA compliance programs and other safety-related functions exp
  • Project management
  • Skilled with Microsoft Office products (Word, Excel, PowerPoint, Outlook), report preparation and presentation
  • Bachelor’s degree from an accredited college or university
  • Ability to travel 10-20% of the time
  • Must live in Northeast Ohio. We do not offer relocation assistance. 

Preferred:

  • Industrial distribution or manufacturing experience
  • CPCU, ARM, and/or CRM credentials
  • MBA
  • International risk management and insurance experience
  • Supervisory experience
  • Prior work in a business operations role                 

Desired characteristics:

  • Ability to perform in a fast paced environment
  • Organizational, negotiating, planning, and analytical skills
  • Effective communication with 3rd parties and at all levels within the organization: written, verbal, interpersonal, presentation skills
  • Multi-task and prioritizing skills to complete projects within deadlines, with quality results

Work for a corporation that believes in developing its people. Applied employees believe in the company and love the environment. Individual contributors with fresh ideas and passion for excellence are encouraged and rewarded.

Different Voices. New Perspectives. Boundless opportunities. Applied is committed to offering equal employment opportunities for all applicants and employees based on their training, experience and overall qualifications and without regard to race, color, religion, gender, veteran or citizenship status, age, disability, national origin, or any other category protected by applicable law. We are also committed to a drug-free workplace. We value you, your background, and your unique experiences that help add to the richness of the Applied team.

Connect with a great stable company with strong performance and growth. We look forward to learning more about you and will respond to qualified candidates.

 
About the Organization Applied Industrial Technologies(NYSE: AIT) is a value-added distributor of bearings, power transmission components, fluid power components and systems, industrial rubber products, linear motion components, tools, safety products, general maintenance products serving customers in virtually every industry. A $2.5 billion company, AppliedŽ is an industry leader with 90 years of experience, a solid balance sheet, and a clear plan for growth. We've just completed 3 years of record back to back sales and net results!

The Applied network includes 500+ service centers, 9 distribution centers in North America, Australia & New Zealand, 19 fluid power companies creating the world's largest fluid power network and Maintenance Services and Supplies subsidiary that also specializes in inventory management solutions.

We provide engineering, design & systems integration for industrial and fluid power applications, as well as customized mechanical, fabricated rubber & fluid power shop services, maintenance training, and inventory & storeroom management solutions that provide added value to our customers. We offer more than 4 million parts critical to operations of MRO and OEM customers.

Applied's 5,000+ associates are value driven, experienced, knowledgeable associates dedicated to the pursuit of customer satisfaction through innovation, trusted products, expertise, and support. We are passionate about our core values: integrity, respect, customer focus, commitment to excellence, accountability, innovation, continuous improvement, teamwork.
• GI Jobs Magazine - Ranked in the Top 100 Military-Friendly Employers
• Fortune 1000 List of America's Largest Companies 2004-2012
• Selling Power - 3rd best Company to Sell For, 2012 (5th year in a row in the top 50)
• HR Chally Group ' Customer-Rated World Class Sales Winner
• Ranked 15th on Industrial Distribution's Big 50 List of industrial distributors
 
Other benefits Health benefits, 401K w/co match, onsite fitness center, free parking, tuition reimb, career devt opp  
Travel 10-20% of the time  
EOE Statement Applied Industrial Technologies is an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, natural origin, sexual preference, disability status, protected veteran status, or any other characteristic protected by the law.

If you need accommodation for any part of the employment process because of a disability, please send an email to hiring@applied.com or call 216-426-4776 to let us know the nature of your request.  

This position is currently not accepting applications.

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